BYD CoFRA:BY6 -3.17%94 Gross Margin % is 18.81% as of Mar. 2026, which is 4% above its 10-year median of 18.16. GuruFocus rates FRA:BY6 with a GF Score™ of 94/100 and a GF Value™ of €9.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,311 Vehicles & Parts companies, BYD Co ranks worse than 59.19% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BYD Co's Gross Profit for the
three
months ended in Mar. 2026 was €3,546 Mil. BYD Co's Revenue for the
three
months ended in Mar. 2026 was €18,854 Mil. Therefore, BYD Co's Gross Margin % for the quarter that ended in Mar. 2026 was 18.81%.
The historical rank and industry rank for BYD Co's Gross Margin % or its related term are showing as below:
FRA:BY6'
s Gross Margin % Range Over the Past 10 Years
Min: 13.02 Med: 18.16 Max: 20.36
Current: 17.44
During the past 13 years, the highestGross Margin % of BYD Co was 20.36%. The lowest was 13.02%. And the median was 18.16%.
FRA:BY6's Gross Margin % is ranked worse than 59.19% of 1311
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs FRA:BY6: 17.44
BYD Co had a gross margin of 18.81% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BYD Co was 2.50% per year.
BYD Co (FRA:BY6) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BYD Co had a gross margin of 18.81% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BYD Co Gross Margin % Related Terms
BYD Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for BYD Co's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Manufacturers subindustry, BYD Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BYD Co Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BYD Co's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BYD Co (FRA:BY6) has a Gross Margin % of 18.81% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BYD Co and its competitors. This is near median its historical median of 18.16. Over the past decade, BYD Co's Gross Margin % has ranged from 13.02 to 20.36. According to the industry distribution chart, BYD Co ranks #776 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 59.2%.
Is BYD Co's Gross Margin % too high?
BYD Co's current Gross Margin % of 18.81% is near median its 10-year median of 18.16. Over the past 10 years, this metric has ranged from a low of 13.02 to a high of 20.36. The Vehicles & Parts industry median Gross Margin % is 19.84. BYD Co's value of 18.81% is 5.2% below this industry median. Based on the distribution chart, BYD Co ranks #776 out of 1311 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, BYD Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BYD Co's Gross Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, BYD Co ranks #776 out of 1311 companies for Gross Margin %. This places BYD Co in the lower half of its industry. The industry median Gross Margin % is 19.84. BYD Co's value of 18.81% is 5.2% below this benchmark. Historically, BYD Co's own Gross Margin % has ranged from 13.02 to 20.36 over the past decade. While the company's 10-year median is 18.16 vs. the industry median of 19.84, BYD Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,311 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BYD Co's current Gross Margin % of 18.81% is 5.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BYD Co and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BYD Co's current Gross Margin % is 18.81%, which is near median its own 10-year median of 18.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BYD Co stock overvalued right now?
Based on GuruFocus' analysis, BYD Co (FRA:BY6) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.98, compared to a current price of €8.27 — trading 17.2% below its estimated fair value. The current Gross Margin % is 18.81%, which is near median its 10-year median of 18.16 and 5.2% below the Vehicles & Parts industry median of 19.84. BYD Co's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BYD Co (FRA:BY6), the current Gross Margin % is 18.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BYD Co (FRA:BY6) Overvalued in 2026?
Based on GuruFocus' analysis, BYD Co stock appears to be undervalued.
The current stock price of €8.27 is trading 17.2% below its estimated GF Value™ of €9.98.
GuruFocus considers BYD Co to be Modestly Undervalued.
Key valuation signals for FRA:BY6:
Gross Margin %: 18.81% (near median its 10-year median of 18.16)
GF Value™: €9.98 vs. price of €8.27 (17.2% below fair value)
Industry Position: 5.2% below the Vehicles & Parts median (#776 of 1311)
No single metric tells the full story. See the FRA:BY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
94GF Score
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